Stephens Inc. AR bought a new position in IAC/InterActiveCorp (NASDAQ:IAC) in the first quarter, HoldingsChannel.com reports. The firm bought 1,334 shares of the company’s stock, valued at approximately $280,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Lindbrook Capital LLC purchased a new position in IAC/InterActiveCorp during the 4th quarter worth approximately $34,000. Winslow Evans & Crocker Inc. raised its position in IAC/InterActiveCorp by 40.3% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 216 shares of the company’s stock worth $48,000 after buying an additional 62 shares during the last quarter. Quantamental Technologies LLC purchased a new position in IAC/InterActiveCorp during the 4th quarter worth approximately $43,000. Athena Capital Advisors LLC purchased a new position in IAC/InterActiveCorp during the 4th quarter worth approximately $64,000. Finally, Security National Trust Co. purchased a new position in IAC/InterActiveCorp during the 1st quarter worth approximately $84,000.
A number of research firms have issued reports on IAC. Benchmark reissued a “buy” rating and set a $280.00 price target (up from $260.00) on shares of IAC/InterActiveCorp in a research report on Friday, May 10th. UBS Group lifted their target price on shares of IAC/InterActiveCorp from $265.00 to $285.00 and gave the company a “buy” rating in a report on Friday, May 10th. Bank of America lifted their target price on shares of IAC/InterActiveCorp from $273.00 to $295.00 and gave the company a “buy” rating in a report on Friday, May 10th. JPMorgan Chase & Co. lifted their target price on shares of IAC/InterActiveCorp from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Finally, Zacks Investment Research raised shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating and set a $253.00 target price for the company in a report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $257.77.
NASDAQ:IAC opened at $222.88 on Friday. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.65. The company has a market cap of $18.67 billion, a PE ratio of 39.87, a PEG ratio of 2.37 and a beta of 1.09. IAC/InterActiveCorp has a 1-year low of $144.71 and a 1-year high of $242.86.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.40 by $0.51. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. IAC/InterActiveCorp had a net margin of 14.74% and a return on equity of 16.05%. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. Analysts expect that IAC/InterActiveCorp will post 4.71 earnings per share for the current fiscal year.
In related news, CFO Glenn Schiffman sold 2,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $211.22, for a total value of $422,440.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 8,000 shares of company stock valued at $1,749,740. 10.90% of the stock is owned by insiders.
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IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.
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